Excel Trust Announces Tax Treatment Of 2011 Dividend Distributions

Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), announced today the tax treatment of its 2011 dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #30068C109) are to be classified for income tax purposes as follows:

Security Description

Record Date

Payable Date

Total Distribution Per Share

2011 Taxable Ordinary Dividend

2011 Total Capital Gain Distribution

2011 Unrecaptured Section 1250 Gain

2011 Return of Capital

Common Stock

12/31/2010

1/17/2011

0.12

0.047801

-

-

0.021577

Common Stock

3/31/2011

4/15/2011

0.14

0.09646

-

-

0.04354

Common Stock

6/30/2011

7/15/2011

0.15

0.10335

-

-

0.04665

Common Stock

9/30/2011

10/17/2011

0.155

0.106795

-

-

0.048205

Common Stock

12/31/2011

1/16/2012

0.16

0

-

-

0

A portion of the common stock dividend distribution made to holders of record as of December 31, 2010 and paid on January 17, 2011, in the amount of $0.050622, was considered a 2010 dividend distribution for federal income tax purposes.